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China Huaneng's Wind Offer May Lead to New Green Power Listing

  • Wind power company may be taken private if offer proceeds
  • May consolidate wind, solar assets into new company: analysts
China Huaneng Group Windfarm in Eastern China
Photographer: Qilai Shen/Bloomberg
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China Huaneng Group Co.’s plan to buy the remaining shares in its Hong Kong-listed wind power generator could be part of an effort to create a new green energy unit.

The listed company, Huaneng Renewables Corp., said in a filing to the Hong Kong stock exchange Monday that the state-owned parent intends to make an offer for all outstanding shares, which could lead to privatization and delisting.